Mumbai, June 4 -- The frontline indices traded with modest gains in early afternoon trade, sustaining upward momentum as investor sentiment remained positive ahead of the upcoming RBI policy meeting. However, market participants will closely track domestic bond markets, Brent crude oil prices, and global trade development. The Nifty traded above the 24,550 mark.

IT stocks rebound after a three-day losing streak.

At 12:30 IST, the barometer index, the S&P BSE Sensex, advanced 175.81 points or 0.22% to 80,913.32. The Nifty 50 index added 45.35 points or 0.19% to 24,589.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.47% and the S&P BSE Small-Cap index added 0.48%.

The market breadth was positive....